7/103 sources · 3 publishersUpdated Oct 22, 11:57 UTC
Barclays lifts Nike price target to $45, calling shares near bottom
Barclays raised its price target for Nike Inc. from $37 to $45 and kept an Overweight rating. The broker said the stock appears to be near a valuation floor and may stay rangebound until growth clarity returns. Nike’s shares were trading around $37.53 at the time of the announcement.
Why it matters
Barclays’ higher target suggests potential upside for investors, while the Overweight rating may attract buying interest. The firm’s view of a near‑bottom valuation could influence market sentiment toward the stock.
Key facts
- 1Barclays increased Nike’s price target to $45 from $37. marketscreener.com
- 2Nike’s share price was $37.53 when the target was announced. marketscreener.com
- 3Barclays maintained an Overweight rating on Nike. finance.yahoo.com
- 4Barclays described the shares as "near bottom" and likely rangebound until growth clarity. finance.yahoo.com
- 5Barclays cited stable shares and a potential bottom in its rationale. gurufocus.com
- 6Nike’s dividend yield is 4.49% with a payout ratio of 72%. gurufocus.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.